Omega Flex (OFLX) is poised to benefit from multiple growth trends with its dominant market share and superior products. An extremely low float and high earnings growth should drive significant price appreciation.
OFLX manufactures flexible metal hoses and accessories used in the residential and commercial construction as well as general industrial markets including steel, semi-conductor, pharmaceutical, petrochemical and power generation. OFLX sells products in North America and Europe.
OFLX was founded in 1976 as Tofle America (a subsidiary of a Japanese manufacturer of flexible metal hoses) and later changed its name to Omega Flex. In 1996, OFLX was acquired by Mestek and in 2005 Mestek distributed its equity ownership to shareholders via an IPO. A majority...